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To bring in a wonderful 2009, I'd like to quote an e-mail I received from a mentor of more than a
document IMAGES-002-HOUSE_OVERSIGHT_013996.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…han a decade: While many are wringing their hands, I recall the 1970s when we were suffering from an oil shock causing long lines at gas stations, rationing, and 55 MPH speed limits on federal highways, a recession, very little venture capital ($50 million per year into VC firms...

run they’re doing better than the United States without having these
document IMAGES-011-HOUSE_OVERSIGHT_031904.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…9 run they’re doing better than the United States without having these Western institutions. The real challenge is the long-run sustainability of that system, or of the two systems. And looking at that in the long- run, I would still bet on the West, with its rule of law and sys...

Closed at 902 (10 Mar 2016): Buy AUD/KRW, entry: 832, target: 920, stop: 859 (revised
document IMAGES-001-HOUSE_OVERSIGHT_010612.txt Mar 10, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…y: 26.0c; current 37.5c (21 Oct 2015) *Sterling vulnerability due to the UK's large current account deficit makes being long inflation volatility attractive. Pairing this trade with a long-standing recommendation to be short 30-year UK breakevens is an attractive way to finance...

by text message. We discussed etymology, traded literary recommendations, compared
document IMAGES-005-HOUSE_OVERSIGHT_018582.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…o be raised Unitarian -- so I received incredibly compassionate, complete sex education in Sunday School. Still, for a long time I was strongly attracted to chastity. In my teens, I decided that I wouldn't lose my virginity until I was much older -- I think I picked age 25 -- be...

This is a little unorthodox, but here is the text of an internal note that I just sent to our integr
document TEXT-001-HOUSE_OVERSIGHT_025229.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…g anything just because we think Qe3 is coming in the US (in the form of securities purchases, a permanently controlled long bond, etc). 4. When we began this year, I made the following decision: we would risk underperforming if there was a strong equity rally, out of concerns ab...

Readers of our previous Outlook publications may recall that this page typically
document IMAGES-003-HOUSE_OVERSIGHT_014534.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…in the post-WWII period. Yet we continue to recommend staying the course. We are duly aware that this recommendation is long in the tooth, particularly given such high valuations and the unusually high level of policy uncertainty. Policy uncertainty, both economic and political,...

Eye on the Market, July 25, 2011
email TEXT-001-HOUSE_OVERSIGHT_025215.txt Jul 25, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

… at best. Debt limit legislation is a rocky but healthy way for a democracy to decide whether mega-deficits are in the long-term public interest. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpol...

Financials: buy XLF call spreads
email IMAGES-001-HOUSE_OVERSIGHT_011281.txt Nov 22, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ainty around the impact and timing of Trump’s policies, we believe options offer better risk-reward than being outright long financials stocks here. With flat call skew, “appearing” call spreads with upside knock-ins price well. Buy a 1 year XLF call spread for 2.6% premium e B...

!'m not sure if she’s friend of yours or net, by the name im Do you Know
document IMAGES-001-HOUSE_OVERSIGHT_012213.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e? J? Yes. What schcol does he go to? {inaudible} Summit Christian School. And you said he’s your ex-boyfriend. How long ago was that? | don't know. Like two months, two months and a half ago. Hew long did you go out with him? Three weeks...? Not tong? AndfP You met her thr...

User Name: DAVID SCHOEN
document TEXT-001-HOUSE_OVERSIGHT_017714.txt Feb 28, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ion victims only once, briefly recognizing the right of some victims to speak at sentencing. 1 The federal rules can no longer leave victims unmentioned. In October 2004, Congress passed and President Bush signed into law the Scott Campbell, Stephanie Roper, Wendy Preston, Louarn...

Europe and its institutions. Through which he hopes to coordinate the populist right in view of the
document IMAGES-005-HOUSE_OVERSIGHT_019313.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…x in London and Rome — is therefore to become the coordinator of the one great “populist international” of which he has long since been dreaming. The Movement, in fact, intends to function as an extreme right-wing think tank: a source of strategic advice to channel the not-so-po...

Banks effect payments from depositors’ accounts. An omnibus fund can do the same
document IMAGES-001-HOUSE_OVERSIGHT_011096.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tick what each account is worth. This holds true even for volatile accounts where risk- tolerant clients have opted for long legs in swaps and futures. So long as management effects all payments in an out, and constructs each account of index exposures itself, and tracks those ex...

US-China Tariffs, Trade War
document TEXT-001-HOUSE_OVERSIGHT_029176.txt Aug 2, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

… Robert Lawrence Kuhn, August 2, 2018 Host: To talk about the potential impact [of tariffs]…. Robert Lawrence Kuhn is a long-time advisor to China’s leaders and the Chinese government. He is also the author of How China’s Leaders Think. You are the perfect person to have on to ge...

Custodian of the Two Holy Mosques King Salman bin Abdul-Aziz Al Saud - may Allah protect him - has
document IMAGES-007-HOUSE_OVERSIGHT_023657.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…the war in Iraq and Syria, this is an achievement for the Saudi armed forces, Yemeni forces, and alliance forces. * As long as they continued to control the Yemeni territory, why legitimate authority does not move to Yemen? - The legitimacy authority always moves between Yemen...